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35 Stocks and 65 ETFs for diversifying PEY (INVESCO HIGH YIELD EQUITY DIVIDEND ACHIEVERS ETF)

The least correlated asset to PEY (INVESCO HIGH YIELD EQUITY DIVIDEND ACHIEVERS ETF) is ETF SBB (PROSHARES SHORT SMALLCAP600). The correlation is -0.8553.

Stocks that lowly correlated with PEY

SymbolName
Market cap
SectorIndustry
Correlation
FLACFrazier Lifesciences Acquisition Corp - Class A$175MN/AN/A-0.55
HBNBHotel101 Global Holdings Corp$1.36BReal EstateReal Estate Services-0.55
VCKAUScilex Holding Company - Units (1 Ord & 1/2 War)$37MN/AN/A-0.53
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.53
FIGXUFIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$35MFinancial ServicesShell Companies-0.51
APUSApimeds Pharmaceuticals US Inc$1.82MHealthcareDrug Manufacturers - Specialty & Generic-0.51
PROPPrairie Operating Co. Common Stock$81MEnergyOil & Gas E&p-0.50
JMACUMaxpro Capital Acquisition Corp - Units (1 Ord Share Class A & 1 War)$150MN/AN/A-0.49
YSXTYsx Tech Co.Ltd - Class A$24MIndustrialsSpecialty Business Services-0.48
NVSAUNew Vista Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)$350MN/AN/A-0.47
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.47
DAICCID HoldCo Inc$5.39MTechnologyInformation Technology Services-0.44
HMCOHumanCo Acquisition Corp - Class A$387MN/AN/A-0.44
CCVChurchill Capital Corp V - Class A$284MN/AN/A-0.43
MTACMedTech Acquisition Corp - Class A$183MN/AN/A-0.43
NTWOUNewbury Street II Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$183MFinancial ServicesShell Companies-0.43
NAACUNorth Atlantic Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)$482MN/AN/A-0.42
PLMKUPlum Acquisition Corp IV - Units (1 Ord cls A & 1/2 Warr)$54MFinancial ServicesShell Companies-0.42
HPLTUHome Plate Acquisition Corp - Units (1 Ord Class A & 1/2 War)$79MN/AN/A-0.42
DLCAUDeep Lake Capital Acquisition Corp - Units (1 Ord Class A & 1/2 War)$262MN/AN/A-0.42
SVFAUSVF Investment Corp - Units (1 Ord Share Class A & 1/5 War)$766MN/AN/A-0.41
IBIOiBio Inc$65MHealthcareBiotechnology-0.41
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$20MFinancial ServicesShell Companies-0.41
CHACUCrane Harbor Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$72MFinancial ServicesShell Companies-0.41
TACHTitan Acquisition Corp - Class A$286MFinancial ServicesShell Companies-0.41
DFDVDeFi Development Corp$127MFinancial ServicesAsset Management-0.40
EDHLEverbright Digital Holding Ltd$4.80MCommunication ServicesAdvertising Agencies-0.40
TMDETMD Energy Ltd$18MEnergyOil & Gas Midstream-0.40
BMGLBasel Medical Group Ltd$11MHealthcareMedical Care Facilities-0.40
TSIBUTishman Speyer Innovation Corp II - Units (1 Ord Share Class A & 1/5 War)$301MN/AN/A-0.38
JCAPJefferson Capital Inc$950MFinancial ServicesCredit Services-0.38
ATPCAgape ATP Corp$2.85MConsumer DefensivePackaged Foods-0.38
HONDWHCM II Acquisition Corp. Warrant$202MN/AN/A-0.38
RIBBURibbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$56MFinancial ServicesShell Companies-0.37
SDACUSustainable Development Acquisition I Corp - Units (1 Ord Class A & 1/2 War)$210MN/AN/A-0.36

ETFs that lowly correlated with PEY

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
SBBPROSHARES SHORT SMALLCAP600 $4.10M0.95%Jan 23, 2007-0.86
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.85
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.84
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.84
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.84
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.83
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.82
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.82
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.81
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $9.60MN/AJan 3, 2024-0.81
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.80
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.80
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.79
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.79
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.78
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.77
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.76
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.75
EFZPROSHARES SHORT MSCI EAFE $16M0.95%Oct 23, 2007-0.75
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.74
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.74
EMTYPROSHARES DECLINE OF THE RETAIL STORE ETF $2.90M0.65%Nov 14, 2017-0.73
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.73
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.73
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.73
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.72
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.72
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.71
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.70
DUGProShares UltraShort Energy$18MN/AJan 30, 2007-0.70
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.70
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.69
DRIPDIREXION DAILY S&P OIL & GAS EXP. & PROD. BEAR 2X SHARES $117MN/AMay 28, 2015-0.67
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $40MN/ANov 6, 2008-0.65
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.64
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.63
SZKPROSHARES ULTRASHORT CONSUMER STAPLES $4.70MN/AJan 30, 2007-0.62
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.61
OILDBank of Montreal$19MN/ANov 8, 2021-0.60
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.60
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.60
SRTYProShares UltraPro Short Russell2000 -3x Shares$81MN/AFeb 9, 2010-0.59
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.59
WZRDOpportunistic Trader ETF$3.90M1.00%Jun 24, 2025-0.59
WTIDBank of Montreal$6.60MN/AFeb 16, 2023-0.57
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $321M1.40%Sep 13, 2011-0.57
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$1.10BN/ANov 24, 2008-0.57
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.57
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.57
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.56
METDDIREXION DAILY META BEAR 1X SHARES $8.60M1.02%Jun 5, 2024-0.52
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.51
NFLWROUNDHILL NFLX WEEKLYPAY ETF $16MN/AJun 17, 2025-0.49
SDPProShares UltraShort Utilities -2x Shares$4.60MN/AJan 30, 2007-0.48
RXDPROSHARES ULTRASHORT HEALTH CARE $4.90MN/AJan 30, 2007-0.47
BZQProShares UltraShort MSCI Brazil Capped ETF -2x Shares$3MN/AJun 16, 2009-0.45
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.45
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.45
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $4.80MN/AMar 31, 2025-0.44
MUDDirexion Daily MU Bear 1X Shares$27M1.02%Oct 9, 2024-0.44
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.43
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $33MN/AJul 16, 2009-0.42
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $9.80M1.05%Jul 23, 2024-0.36
MSDDGRANITESHARES 2X SHORT MSTR DAILY ETF $1MN/AJun 9, 2025-0.36
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.36